cmdty Insider - Spring Wheat Market Commentary

by cmdtyNewswires - 47 minutes ago Wheat futures posted losses of 2 1/4 to 8 3/4 cents across the three markets, with MPLS December wheat the glaring exception with a 1/4 cent gain. US wheat export shipments in the week that ended on Nov 15 totaled 509,118 MT, according to Export Inspections data. That was nearly double the same week in 2017 and 47.25% larger than the previous week. Turkey is seeking 240,000 MT of wheat in a tender that closes on Friday. Saudi Arabia purchased 495,000 MT of optional origin wheat in their tender. US winter wheat planting was 93% completed as of Sunday, with the 5 year average pace at 97%.Dec 18 CBOT Wheat closed at $4.98 1/2, down 8 1/4 cents,Dec 18 KCBT Wheat closed at $4.74 1/4, down 8 1/2 cents,Dec 18 MGEX Wheat closed at $5.71 1/2, up 1/4 cent--provided by Brugler Marketing & Management

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